Asia
Market Chatter: Lotte Wellfood's Indian Unit Launches Operation of New Choco Pie Production Line
Lotte Wellfood (KRX:280360) commenced operation of a fourth production line of Lotte Choco Pie in India following annual sales of 100 billion won last year, The Korea Times reported Monday.The company's unit LOTTE India will expand production by 33% through the addition of the extra line at the Rohtak plant in Haryana state, according to the report.The construction of the new production line for the Lotte Choco Pie, which holds over 70% percent of India's choco pie market, had begun in May 2024, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
KRX:280360
